Sheshunoff | Pratt bring you the most respected names in the financial services industry. You can rely on their expertise for timely guidance and analysis.See all of our experts
The most significant area of risk in the mortgage banking industry is compliance liability. Lenders must understand and comply with a myriad of federal and state laws and regulations governing loan negotiation, origination, and servicing. With the Mortgage Procedure Guide to Federal and State Compliance you can quickly identify operational weaknesses affecting your bottom line. All guidelines and data are easily adapted into your company’s database and reporting formats and customized to suit your business needs!
The risks that flow from compliance liability include creditor liability, in the form of costly lawsuits; assignee liability, in which the secondary market may also be vulnerable to lawsuits under consumer protection laws; and administrative enforcement, where agencies may seek injunctive relief, civil money penalties, supervisory agreements, and other enforcement actions.
This manual is designed to help lenders hedge compliance risk. It helps you identify the compliance requirements in complex consumer protection laws at the federal and state level. The Mortgage Procedure Guide to Federal and State Compliance is organized by compliance area and is designed to help you reduce compliance risk by quickly identifying and creating the policies you need to comply with federal and state requirements.
The Mortgage Procedure Guide to Federal and State Compliance is organized in four parts.
BONUS CD TOOL-KIT. Your paid subscription comes with a fully-searchable companion CD that gives you a wealth of practical tools, such as sample maps that help you identify your policies based on the states where you do business ... predatory lending worksheets, forms, sample policies, and other working aids. All guidelines and data are easily adapted into your company’s database and reporting formats and can be customized to suit your business needs!
But don’t just take our word for it—try the Guide for 30 Days Satisfaction Guaranteed. If you aren’t completely satisfied, just return Mortgage Procedure Guide to Federal and State Compliance within 30 days of receipt for a full refund.
Jeffrey Torp is a consultant in the area of regulatory risk for financial institutions. He specializes in the financial institution industry and has more than 25 years of experience serving financial institution clients in matters relating to bank regulation. Mr. Torp is an attorney and has previously served as a consultant with KPMG and with McGladrey & Pullen, LLP, and as legal counsel to the Independent Bankers of Minnesota. He received his law degree from William Mitchell College of Law in St. Paul, Minnesota, and his Bachelor of Arts Degree from Augsburg College in Minneapolis, Minnesota. Mr. Torp has worked with financial institutions throughout the country on regulatory issues and given numerous presentations on regulatory topics to groups of bankers, bank examiners, trade associations, and attorneys. He has also served as an instructor for the Independent Bankers Association of America’s compliance school and certification program, and authored several publications. See all works by Mr. Torp
Kurt R. Mattson received his J.D. from William Mitchell College of Law, and his Masters of Law (LL.M.) from the National Law Center at George Washington University. He has worked in legal publishing throughout his career, including positions at West Publishing in St. Paul where he contributed in the development of KeyCite and WestCheck, and as an editor for BNA's Pike and Fisher for the Federal Rules Service, UCC Reporting Service, and the Federal Local Rules Reporter.
Mr. Mattson has updated BSA/AML Update for A.S. Pratt and has assisted with the production of Structuring and Drafting Commercial Loan Agreements and The Law & Regulation of Financial Institutions. He is currently co-author of A.S. Pratt's Mortgage Procedure Guide to Federal and State Compliance and the Lender Liability Law Report. He is also a monthly contributor to a sales performance magazine and other business and legal publications.
Mr. Mattson is the Director of Library Services and Training at a law firm in Las Vegas, Nevada.